California Statutes
§ 130531. — 130531. (Added by Stats. 1984, Ch. 1646, Sec. 2.)
California·Code PUC Public Utilities Code - PUC·Div. 12. DIVISION 12. COUNTY TRANSPORTATION COMMISSIONS·Ch. 5. CHAPTER 5. Los Angeles County Transportation Commission Revenue Bond Act·Art. 4. ARTICLE 4. Bonds and Notes
Notwithstanding any other provision of law:
(a)The commission and its revenues are exempt from all taxes on, or measured by, income.
(b)Bonds issued by the commission are exempt from all property taxation, and the interest on the bonds are exempt from all taxes on income.
(c)All property owned by the commission is exempt from property taxes, assessments, and other public charges secured by liens.
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California § 130531. (130531. (Added by Stats. 1984, Ch. 1646, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 1984, Ch. 1646, Sec. 2.